Montag, Juni 02, 2008
Gute Blasen, böse Blasen
The bubble in residential property made people feel good. They thought they were wealthy and thought they could ‘take out’ a little of that wealth and spend it. A bubble in oil is an entirely different matter. It makes people feel poorer every time they fill up their gas tank. And it forces them to cut back on spending rather than increase it.
Labels: Finanzen, Wirtschaft
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